Announcing the Green European Tech fund

Munich Venture Partners and Demeter launch the Green European Tech venture capital fund:

A joint French-German initiative to invest in European scale-up companies

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Munich Venture Partners (MVP) and Demeter are pleased to announce the setup of a joint European venture fund with a strong French-German base. The fund, called Green European Tech (GET), will be dedicated to European scale-ups developing transformative technologies for a sustainable future. GET will be a €250 million fund with a potential top-up to €400 million by applying to the Late Stage venture initiative promoted by the French Government.

Yann Lagalaye, Partner at Demeter: “We are delighted to announce this partnership between MVP and Demeter. Combining both parties’ experience and capabilities will strengthen the European venture capital ecosystem and give us a powerful lever to support European start-ups in expanding quickly across France, DACH and other European markets.”

The clear mission of the French-German initiative is to fight climate change through technological transformation of value chains in the sectors energy, building, industry, resources management, and mobility.

Martin Kröner, Managing Partner at MVP: “Climate change bears the greatest challenge of the 21st century. At the same time, it offers entrepreneurs opportunities to build companies on the basis of new technologies. We want to back these companies to exploit their potential to transform incumbent industries and establish a new generation of European champions.”

Gonzague Dejouany, Partner at GET: “This cooperation among French and German venture capitalists is very unique. For investors, the GET fund offers a genuine opportunity to participate in both significant return potential and contribution to environmental wealth.”

The multi-cultural GET team has outstanding experience as industry managers, start-up founders, and venture capital investors. Martin Kröner, Yann Lagalaye, Michael Sailer and Eric Marty will be the Fund Partners of GET. Gonzague Dejouany will act as an Operating Partner. The team will be completed by two other binational Fund Partners post first close.

 

 

About Munich Venture Partners (MVP):
Munich Venture Partners is a European venture capital investor backing entrepreneurs driving the eco-industrial revolution with transformative technologies. The investment focus is on sectors with CO2 emission-intensive value chains: energy, mobility, agriculture and food, and industrial technologies. MVP has more than 15 years of experience investing in cleantech start-ups across Europe, including investments in recent success cases relayr and sonnen.

About Demeter:
Demeter is a major European player in venture capital, private equity and infrastructure for the ecological transition. Its funds invest from €1m to €30m to support  companies and projects in the sector at all stages of their development: innovative startups, small and mid-cap companies, as well as infrastructure projects. The Demeter team counts 40 people based in Paris, Lyon, Grenoble, Metz, Madrid, and Münster, manages €1bn and has completed 180 investments over 14 years.


MVP ESG Engagement Report 2018

Click here to download the MVP ESG Engagement Report 2018

As institutional investors, we have a duty to act in the best long-term interests of our stakeholders. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) matters can enhance the performance of our portfolio companies and represent three central components to measure the sustainability and social impact of our fund.

In today’s economy, financial metrics reflect only part of a company’s value. Leading companies have already started internalizing environmental and social concerns by quantifying them in financial terms and examining these next to their financial reporting. As a result of this, MVP implemented its own ESG reporting tool in 2014 to meet the highest ethical standards and to promote a long-term healthy corporate performance and culture.

On a yearly basis, we evaluate the ESG performance of our portfolio companies through company specific key performance indicators (KPIs). Our tool is routinely adapted to the latest regulatory measures, existing technologies, and the development of our portfolio companies. The data gathered is transferred into our reporting tool which gives us objective statistics and a comprehensive overview about the ESG compliance and progress of our portfolio companies. The acceptance and valuation of ESG aspects have improved over the past years. Companies are continuously trying to implement more ethical standards in their system and investors are more diligent regarding the impact of their investments on ESG issues. Furthermore, we have observed that ESG reports help our portfolio companies to measure, understand, and communicate their economic, environmental, and social performance, to set appropriate goals, and to manage their business more effectively. For us, the ESG reporting serves as a risk mitigation tool complementing the economic perspective with environmental, social and governance dimensions.

Furthermore, this year’s report elaborates how our portfolio companies are contributing to the Sustainable Development Goals (SDGs), to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity.

In this context, we would like to give credit to the independent organization Principles for Responsible Investment (PRI) which is a leading proponent of responsible investment. It aims to understand the implications of sustainability for investors and to implement the principles for responsible investment into practice.

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